News

SAN DIEGO -- It's official, Debra Schwartz has been named president/CEO of Mission Federal Credit Union.

HAVERHILL, Mass. -- The $97 million Northeast Community Credit Union is awaiting its members verdict on its proposed merger with Haverhill Bank.

WASHINGTON -- Using references to food, the Wild West and romance, Democratic and Republican House members today praised the work of credit unions during the current financial crisis.

HOUSTON -- Credit union regulators said, Wednesday, there are now 47 Texas CUs that remain non-operational, with many others functioning out of alternate work sites, shared branch centers or using backup generators.

ALEXANDRIA, Va. -- The NCUA announced the 10th federally insured credit union closure in 2008 yesterday by placing Interfaith Federal Credit Union in East Orange, N.J., into liquidation.

WASHINGTON -- Fearing the shutdown of the nation's largest insurer, the Federal Reserve lent AIG $85 billion and gave the government a substantial stake in the company.